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Oct 7, 2012 2:00pm EDT
be taken advantage of. >> senator? >> well gwen, two years ago barack obama warned about the sub prime mortgage crisis. john mccain said shortly after that in december he was surprised there was a sub prime mortgage problem. john mccain while barack obama was warning about what we had to do was literally giving an interview to "the wall street journal" saying that i'm always for cutting regulations. we let wall street run wild. john mccain and he's a good man, but john mccain thought the answer is that tried and true republican response, deregulate, deregulate. so what you had is you had overwhelming "deregulation." you had actually the belief that wall street could self-regulate itself. and while barack obama was talking about reinstating those regulations, john on 20 different occasions in the previous year and a half called for more deregulation. as a matter of fact, john recently wrote an article in a major magazine saying that he wants to do for the health care industry deregulate it and let the free market move like he did for the banking industry. so deregulation was the promise
Oct 6, 2012 10:00am EDT
like. that expires at the end of the year. in 2009, president obama took office and the stimulus act included new credits focused on low income families and families who have kids in college. those are extended in 2010 and expire at the end of the year. there is temporary cuts in social security payroll tax that was done in the stimulus. in addition to those expiring tax provisions, another thing we have the start of next year are the start of tax increases included in the health reform act of 2010. there is a very diverse our rate of tax positions that are under discussion. that is important for understanding the effects of american households. different households are affected differently. at low income of the distribution, the credits enacted in 2009 turned out to be very important. as does the temporary cut in payroll taxes. that continues to be important for folks in the middle range of income. the 2001-2003 tax cuts are important. if you go to the high end of the high -- income distribution, in addition to the 2001-2003 tax cuts on ordinary income and investment income, there i
Oct 7, 2012 10:30am EDT
. thank you, governor romney and the university of denver. 20 years ago, i became the luckiest man on earth because michelle obama agreed to marry me. i want to wish you happy anniversary and let you know that a year from now, we will not be celebrating it in front of 40 million people. four years ago, we went through the worst financial crisis since the great depression. millions of jobs were lost. the auto industry was on thethe financial system froze up. because of the resilience and the determination of the american people, we have begun to fight our way back. we have seen five million jobs in the private sector created. the auto industry has come back. housing has begun to rise. we have a lot of work to do. the question here is not where going. governor romney has a perspective that says if we cut taxes, skew toward the wealthy, and roll back regulations, we will be better off. i have a different view. we have to invest in education and training. sources of oil in america, change our tax code to help small businesses and companies investing in the united states, that we take s
Oct 6, 2012 2:00pm EDT
this populist appeal. they intend to use -- and this is part of the democratic narrative for years. we are going to help the working guy defeat the flat tax. i think obama said in his interview on reddit that he would pursue a constitutional amendment. he is saying, i will go door-to- door on this and i will make this our rallying cry across the country as a way to get support for my side. you could win people over by that. you could say, these guys are getting taking care of because they used to be -- this election is a little different, but it used to be, just the last two cycles, that was the bipartisan cry, right? that is what john mccain ran on to a large extent in 2008. i will get the powers that be in washington to reject special interest in washington. there is our real interest for one party to take this on and use it as a way of mobilizing. >> at the same time as the bipartisan ground has disappeared, it has become a much bigger issue among democrats. not only on the ground. senator feingold was a little bit -- you know, in many ways, that was a miracle. it was quite a political miracl
Search Results 0 to 3 of about 4